The global electric vehicle industry is experiencing a dynamic period marked by record sales, major supply chain moves, strategic investments, and a rapidly evolving competitive landscape over the last 48 hours. In the US, Cox Automotive forecasts that third quarter EV sales will set a record, reaching 410,000 units, up 21 percent year-over-year and over 30 percent quarter-over-quarter, likely comprising 10 percent of all new vehicle sales. This boost has been propelled by consumers expediting purchases before the end of federal tax incentives. Experts predict EV sales may slow in the fourth quarter as these credits expire, putting the resilience of EV demand to the test.
On the market front, shares of Nio, a key Chinese EV maker, surged nearly 5 percent on Thursday and are up 118 percent over the last three months. Nio is capitalizing on its momentum with a new $1.1 billion equity raise, reaffirming goals for its first profitable quarter and planning to deliver 150,000 vehicles in Q4 across its three brands. Nio’s year-to-date deliveries exceed 200,000 units, showing 30 percent growth compared to last year. Notably, current Nio order backlogs have extended waiting times to as much as 24 to 26 weeks, suggesting robust demand and possible supply constraints.
In supply chain developments, the joint venture between Stanley Electric and Mitsubishi Electric Mobility is seen as a model for strategic consolidation. Their collaboration on advanced EV lighting systems, combining electronics and optical controls, aims to increase supply chain resilience and capture growth in both two- and four-wheel EV segments, especially in emerging markets.
US automakers are responding aggressively. Ford recently committed $2 billion to convert its Louisville plant for EV production and Hyundai is investing $21 billion over three years to expand US EV manufacturing and supply chain operations. There is an observed trend toward more affordable EV launches and new financing offers, such as special low-interest deals for the GMC Sierra EV.
This period’s standout contrast to prior reporting is an industry shift from concern over slow adoption to delivering record sales and scaling operations. However, looming questions remain about post-incentive demand, with most leaders focused on driving down costs, improving technology, and building supply chain depth to maintain growth momentum into 2026.
For great deals today, check out
https://amzn.to/44ci4hQThis content was created in partnership and with the help of Artificial Intelligence AI
